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Week of 4.11.08

Quiz: Family, Taxes and Fairness

  1. Based on a 2003 study, from which group do most state and local tax systems take the greatest share of income?
    Middle- and low-income families
    Middle- and high-income families
    High-income families

Woman doing her taxes
  1. In 1979, corporate income tax supplied about ten percent of total state tax revenue in the 44 states levying such a tax. Since then, that percentage has...
    Decreased
    Increased
    Stayed the same

  2. How many U.S. states currently tax groceries?
    2
    7
    14

  3. Which income group benefited most from President Bush's tax cuts?
    Families earning less than $100,00 per year
    Families earning between $500,00 and $1 million per year
    Families earning more than $1 million per year

  4. Since the late 1990s, what has happened to average incomes for those in the bottom fifth of the income scale.
    Increased by .5%
    Decreased by 1.5%
    Decreased by 2.5%

  5. Which state has greatest income inequality between the top and bottom earners?
    New York
    California
    Texas

  6. How many states are expecting to face budget shortfalls in 2009?
    10
    15
    25